Cheltenham Festival 2022 gets underway on Tuesday with the Supreme Novices’ Hurdle, and you don’t want to miss this Sky Bet offer! Place a bet on the 13:30 Cheltenham, and if it loses, Sky Bet will refund your stake as cash, up to £10.00. Translated into matched betting terms, this gives you a profit of £7.82 and here’s how…
Key terms
- Applies to your first cash bet on a horse that runs in the Supreme Novices’ Hurdle.
- Applies to bets placed before 13:30 (race-off) on Tuesday 15th March 2022.
- If fewer than five runners come under starters orders, Sky Bet may withdraw the offer.
- Maximum cash refund of £10.00 if your horse loses.
Qualifying bet
If your bet loses, Sky Bet will refund your stake as cash up to £10.00, so you can treat this as a Money Back if Bet Loses offer.
It’s best to select a horse with long odds to maximise your profit.
At the time of writing, Mighty Potter is available at back odds of 9.00 (8/1) and lay odds of 10.00.
Smarkets works best for this offer
For this offer, Smarkets are the best option due to Sky Bet being part of the same group as Betfair.
Laying your bet at Betfair would probably be fine, but if you don’t want to risk it, Smarkets is your safest bet.
- 0% commission for 60 days
You can work out your lay stake by using the ‘Money Back if Bet Loses’ setting on my Matched Betting Calculator. You can enter £10.00 as your ‘Cashback’ figure as your £10.00 stake will be refunded as cash if your horse loses.
As you can see, the calculator tells you that your lay stake should be £8.02…
Place £10.00 on Mighty Potter @ 9.00 = Potential profit of £80.00
Lay £8.02 on Mighty Potter @ 10.00 = Potential liability of £72.18
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Sky Bet | Smarkets | Cashback | Profit/Loss |
|---|---|---|---|---|
| Mighty Potter wins | + £80.00 | – £72.18 | £7.82 profit | |
| Another horse wins | – £10.00 | + £7.85 | + £10.00 | £7.85 profit |
So, no matter the outcome, you’ll make a minimum profit of £7.82 on this Sky Bet offer!
If eligible, your cash refund will be credited within 24 hours of the race finishing.
Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2022 Offers page.
* Constitution Hill won the race, resulting in a £7.85 profit on this Sky Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.